Financial Troubles
In early 2009, Dubai World sued its joint venture partner MGM Resorts International for breach of contract and thus decided to not make its payment of US$200 million in financing, required to keep the project on track. By April 17, 2009, MGM Resorts International and Dubai World had agreed to a set of terms that would ensure the completion of CityCenter.
Read more about this topic: City Center
Famous quotes containing the words financial and/or troubles:
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“The troubles which have come upon us always seem more serious than those which are only threatening.”
—Titus Livius (Livy)